Audit

Asset tokenization, the creation of digital ownership representations for diverse assets on blockchain and DLT platforms, is a transformative force in finance.

Audit has always been a profession steeped in precision and consistency, but when it comes to how we manage knowledge, the tools haven't always kept up.

The numbers will continue to skew toward a younger generation of internal audit leaders with each passing year.

PCAOB chair Erica Williams says the role played by the audit overseer can't simply be "cut and pasted" into the SEC as legislation threatens to shutter the board.

Audit regulators are increasing their focus on how group auditors identify, engage and supervise component auditors. Is this level of scrutiny necessary?

Public Company Accounting Oversight Board chair Erica Williams warned about legislation that would eliminate the board.

Cuts in funding and staff mean the Internal Revenue Service will likely "do less with less," experts say.

Semple, Marchal & Cooper LLP has filed suit against the BDO Alliance and its chairman after it was ejected from the alliance.

The Public Company Accounting Oversight Board posted new downloadable datasets related to Part I.A and Part I.B deficiencies.

A regulator unveiled settlements with two former Wells Fargo auditors who were alleged to have ties to the bank's systemic sales-practice misconduct.

The House Financial Services Committee is considering legislation to transfer the Public Company Accounting Oversight Board's responsibilities to the SEC.

The International Auditing and Assurance Standards Board is proposing to tailor its standards to align with recent additions to the IESBA's Ethics Code.

Big Four firm KPMG announced that it has built several new AI agents into its global smart audit platform Clara, with plans to develop more in the future.

Paul Atkins was sworn in as the new chair of the Securities and Exchange Commission and is expected to bring a more deregulatory and crypto-friendly approach.

The Public Company Accounting Oversight Board sanctioned Adeptus Partners and its partner Howard Krant for violations related to supervision, review and quality control.

New staff presentation videos aim to help firms implement the four components of QC 1000, 'A Firm's System of Quality Control.'

How honest will Americans be about their income when there are suddenly fewer auditors to check them?

The collapse of BF Borgers in May 2024 unleashed a flood of new clients.

The latest data on the number of accountants working remotely, and where residents experience the highest and lowest lifetime tax burdens.

As AI works its way into more and more business processes, it has become increasingly important for auditors to understand where, why, when and how organizations use it and what impact it is having.